Art Cashin, a towering figure in the world of finance and the embodiment of New York Stock Exchange history, left an indelible mark that transcended mere numbers and transactions. Serving as UBS’s director of floor operations, Cashin became known not just for his professional accomplishments but also for his heartfelt New Year’s poems that captured
Investing
As the year comes to a close, it has become increasingly apparent that 2023 has been a tumultuous time for investors. Factors such as the impending U.S. presidential election, rising interest rates, and the buzz surrounding artificial intelligence have dominated the investing landscape. Looking ahead towards 2024, while macroeconomic conditions are predicted to improve slightly,
Artificial intelligence (AI) is rapidly transforming industries and daily life, and its growing prominence has spurred a significant investment trend among retail investors. Among them is 25-year-old Michael MacGillivray from Michigan, who, seeing AI’s increasing significance, decided to invest heavily in Nvidia. With his investments, he joins countless others who are enthusiastic about Nvidia’s position
Investing in the stock market can be a daunting yet rewarding venture. A well-constructed portfolio that incorporates growth and dividend stocks can significantly bolster overall returns by combining potential appreciation with steady income. With the recent decision by the Federal Reserve to cut interest rates by 25 basis points, the appeal of dividend-paying stocks has
In the wake of a turbulent stock market, financial magnate Warren Buffett has made noteworthy investments that reflect his unwavering confidence in selected sectors. Before Christmas, as stock prices dipped, Buffett’s Berkshire Hathaway seized the opportunity by purchasing an impressive 8.9 million shares of Occidental Petroleum for approximately $405 million. This decisive move increased Berkshire’s
The stock market witnessed a significant surge in drone stocks on Monday, primarily driven by heightened retail interest and strategic partnerships within the industry. A pivotal moment was the announcement of a collaboration between Palantir Technologies and Red Cat Holdings, aimed at integrating advanced visual navigation software into drones. Following this news, Red Cat’s stock
The economic landscape has shifted dramatically over the past few decades, compelling varied responses from different generations regarding financial planning and support. For Generation X, the implications of these changes extend beyond themselves and into the lives of their children, particularly Gen Z. This article examines how this evolving economic environment plays a significant role
As the demand for artificial intelligence (AI) processes soars, a significant shift is occurring in the energy landscape. Oil giants like Exxon Mobil and Chevron are positioning themselves as key players in this transition, tapping into natural gas as a reliable energy source to meet the staggering electricity demands of modern AI data centers. This
Cathie Wood, the founder of ARK Invest, has been a prominent figure in the investment community due to her bold predictions and substantial bets on ground-breaking technologies. Recently, her flagship fund, the ARK Innovation ETF (ARKK), experienced a notable surge following the reelection of Donald Trump. However, despite this uptick in performance, the fund is
As the United States transitions into an era led by President-elect Donald Trump, the intricate relationship between housing costs and inflation becomes paramount. Housing is not merely a component of the economy but a cornerstone, influencing consumer price index (CPI) calculations significantly. Recent trends indicate that housing costs account for approximately one-third of the CPI.